MOND Waregem: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MOND Waregem
Largest movements
- Tangible fixed assets -€82,543
down €82,543 (-12.7%), from €648,124 to €565,582
- Intangible fixed assets -€31,087
down €31,087 (-13.0%), from €238,395 to €207,309
- Cash +€25,050
up €25,050 (+11.7%), from €213,591 to €238,642
mainly Net result for the year (+€200,381) and Depreciation (+€131,923)
- Stocks and contracts +€22,159
up €22,159 (+266.7%), from €8,308 to €30,467
- Receivables within one year -€12,719
down €12,719 (-59.0%), from €21,543 to €8,824
- Debts after one year -€322,842
down €322,842 (-35.4%), from €912,790 to €589,948
- Profit (loss) carried forward +€200,381
up €200,381 (+367.6%), from €54,503 to €254,884
- Trade debts +€55,126
up €55,126 (+84.2%), from €65,437 to €120,563
- Other debts -€21,623
down €21,623 (-40.5%), from €53,411 to €31,788
- Gross operating margin +€192,019
up €192,019 (+42.9%), from €447,237 to €639,256
- Taxes +€44,529
up €44,529 (+201.0%), from €22,159 to €66,688
- Staff costs +€38,518
up €38,518 (+23.3%), from €165,441 to €203,958
- Financial charges -€19,668
down €19,668 (-35.3%), from €55,692 to €36,024
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,133,085 | €1,054,854 | -€78,231 | -6.9% |
| Fixed assets | 21/28 | €886,520 | €772,890 | -€113,630 | -12.8% |
| Intangible fixed assets | 21 | €238,395 | €207,309 | -€31,087 | -13.0% |
| Tangible fixed assets | 22/27 | €648,124 | €565,582 | -€82,543 | -12.7% |
| Plant, machinery and equipment | 23 | €116,373 | €86,958 | -€29,416 | -25.3% |
| Furniture and vehicles | 24 | €54,435 | €40,734 | -€13,701 | -25.2% |
| Other tangible fixed assets | 26 | €477,316 | €437,890 | -€39,427 | -8.3% |
| Current assets | 29/58 | €246,565 | €281,963 | +€35,399 | +14.4% |
| Stocks and contracts in progress | 3 | €8,308 | €30,467 | +€22,159 | +266.7% |
| Stocks | 30/36 | €8,308 | €30,467 | +€22,159 | +266.7% |
| Amounts receivable within one year | 40/41 | €21,543 | €8,824 | -€12,719 | -59.0% |
| Trade receivables | 40 | €21,543 | €8,824 | -€12,719 | -59.0% |
| Cash at bank and in hand | 54/58 | €213,591 | €238,642 | +€25,050 | +11.7% |
| Deferred charges and accrued income | 490/1 | €3,122 | €4,031 | +€908 | +29.1% |
| Total equity and liabilities | 10/49 | €1,133,085 | €1,054,854 | -€78,231 | -6.9% |
| Equity | 10/15 | €56,412 | €256,793 | +€200,381 | +355.2% |
| Contributions | 10/11 | €201 | €201 | = | 0.0% |
| Reserves | 13 | €1,708 | €1,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30 | €30 | = | 0.0% |
| Tax-exempt reserves | 132 | €138 | €138 | = | 0.0% |
| Distributable reserves | 133 | €1,540 | €1,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,503 | €254,884 | +€200,381 | +367.6% |
| Amounts payable | 17/49 | €1,076,672 | €798,060 | -€278,612 | -25.9% |
| Amounts payable after more than one year | 17 | €912,790 | €589,948 | -€322,842 | -35.4% |
| Financial debts | 170/4 | €912,790 | €589,948 | -€322,842 | -35.4% |
| Amounts payable within one year | 42/48 | €163,883 | €208,113 | +€44,230 | +27.0% |
| Trade debts | 44 | €65,437 | €120,563 | +€55,126 | +84.2% |
| Suppliers | 440/4 | €65,437 | €120,563 | +€55,126 | +84.2% |
| Advances received on contracts in progress | 46 | - | €6,538 | +€6,538 | |
| Taxes, remuneration and social security | 45 | €45,034 | €49,224 | +€4,190 | +9.3% |
| Taxes | 450/3 | €23,136 | €9,469 | -€13,667 | -59.1% |
| Remuneration and social security | 454/9 | €21,898 | €39,754 | +€17,856 | +81.5% |
| Other amounts payable | 47/48 | €53,411 | €31,788 | -€21,623 | -40.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €165,441 | €203,958 | +€38,518 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,665 | €131,923 | +€3,258 | +2.5% |
| Other operating charges | 640/8 | €687 | €340 | -€348 | -50.6% |
| Gross operating margin | 9900 | €447,237 | €639,256 | +€192,019 | +42.9% |
| Operating profit (loss) | 9901 | €152,444 | €303,035 | +€150,591 | +98.8% |
| Financial income | 75/76B | €5 | €58 | +€54 | +1178.8% |
| Recurring financial income | 75 | €5 | €58 | +€54 | +1178.8% |
| Financial charges | 65/66B | €55,692 | €36,024 | -€19,668 | -35.3% |
| Recurring financial charges | 65 | €55,692 | €36,024 | -€19,668 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €96,756 | €267,069 | +€170,313 | +176.0% |
| Income taxes | 67/77 | €22,159 | €66,688 | +€44,529 | +201.0% |
| Profit (loss) for the period | 9904 | €74,597 | €200,381 | +€125,784 | +168.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,597 | €200,381 | +€125,784 | +168.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.